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ABT

Over the past decade, Abbott Laboratories (NYSE:ABT) has delivered an average annual return of 11.09%, outperforming the market. A $100 investment in ABT 10 years ago would now be worth $285.91. Abbott Laboratories currently holds a market cap of $196.70 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:30 pm

LULU

Lululemon Athletica (NASDAQ:LULU) has significantly outperformed the market, with an average annual return of 38.95% over the past 15 years. A $100 investment in LULU stock 15 years ago would be worth $13,633.29 today. The company's current market capitalization stands at $61.20 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:30 pm

SPY

UNG

USA Natural Gas Storage reported a decrease of 140 billion cubic feet, compared to the estimated decrease of 119 billion cubic feet and the prior decrease of 14 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:30 pm

STX

Seagate Technology's stock (STX) trades lower following a downgrade from Neutral to Underperform by Exane BNP, which also set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:29 pm

C

Citigroup shares are trading lower following the disclosure of various reserves and charges that will affect the company's financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:28 pm

BYDDY

LCID

RIVN

TSLA

Lucid Group, Inc. (NASDAQ:LCID) shares dropped after announcing Q4 deliveries, producing 2,391 vehicles and delivering 1,734. Full-year 2023 saw 8,428 vehicles produced and 6,001 delivered. Q4 financial results are expected on February 21, 2024. Tesla, Inc. (NASDAQ:TSLA) achieved its 1.8-million-unit delivery goal for 2023, while Rivian Automotive, Inc. (NASDAQ:RIVN) delivered 13,972 EVs in Q4. BYD Co., Ltd. (OTC:BYDDY) (OTC:BYDDF) surpassed Tesla as the largest EV manufacturer by volume. Lucid also integrated SiriusXM in Canadian vehicles. LCID shares fell 6.4% to $3.19.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 3:22 pm

INFY

Infosys stock (INFY) is up following a report of higher-than-expected Q3 revenues and an increase in the lower end of its FY24 revenue growth forecast.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:21 pm

CHK

SWN

Chesapeake Energy's stock is trading higher following the announcement of a merger agreement with Southwestern Energy Company.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:16 pm

ALK

BA

EADSY

UAL

Boeing's 737 Max 9 (NYSE:BA) fleet is grounded again, affecting airlines United (NASDAQ:UAL) and Alaska (NYSE:ALK). This adds to Boeing's struggles since the market crash during Covid and the previous global grounding after two fatal crashes in 2019. Boeing's CEO emphasized the need for quality over quantity in an all-hands meeting. The FAA has rejected Boeing's inspection standards proposal, and the planes will remain grounded until new standards are set. Boeing's stock may dip further, but a successful resolution could make it a buy. Airbus (OTC:EADSY) stands to benefit if Boeing fails to resolve its issues as airplane demand grows.

Portfolio Pulse from Thrash Capital

January 11, 2024 | 3:13 pm

SAP

SAP SE (NYSE:SAP) has agreed to pay over $220 million to settle U.S. DOJ and SEC investigations for FCPA violations involving bribery in Indonesia and South Africa. The company entered a three-year deferred prosecution agreement and will release Q4 earnings on January 24, 2024. SAP shares are up by 0.55% at $156.70.

Portfolio Pulse from Lekha Gupta

January 11, 2024 | 3:13 pm